RIYADH, SAUDI ARABIA -- The Minister of Environment, Water and Agriculture, Abdul-Rahman bin Abdul-Mohsen Al-Fadhli, announced the establishment of the Water Transmission and Technologies Company (WTTCO). The arrival of WTTCO was enacted by the Council of Ministers and is one outcome of the Privatization Program in the Kingdom’s water sector. WTTCO’s launch marks a major step by The Supervisory Committee for the Privatization of the Environment, Water, and Agriculture Sector toward restructuring the Kingdom's water sector.
WTTCO will manage and maintain water transmission, distribution and storage systems that span over more than 8,400 Km and transmit more than 7 million m3 per day of desalinated water across the country. The company will work to achieve higher efficiency and impact for the sector, while driving innovation in water technology and research. Closely aligned to the Saudi 2030 vision, WTTCO's arrival is one of the most important transformations seen in the water sector to date.
The new company – owned by the government – represents a quantum leap in the integration of the water sector as WTTCO will operate commercially to maximize the use of assets and achieve greater spending efficiency, while also decreasing supply chain costs.
On this occasion, His Excellency the Minister of Environment, Water and Agriculture, Chairman of the Supervisory Committee for the Privatization of the Environment, Water and Agriculture Sector, and Chairman of the Board of Directors of Saline Water Conversion Corporation (SWCC), Eng. Abdul-Mohsen Al-Fadhli, expressed his thanks and gratitude for the interest in and continuous support of the water sector from Saudi Arabia’s wise leadership. Al-Fadhli also expressed his appreciation for the decision of the Council of Ministers to establish WTTCO to achieve the goals of the National Water Strategy and the Privatization Program, which will enhance water services to achieve future growth and sustainability.
Al-Fadhli considers the establishment of WTTCO to be a historic step in enhancing the efficiency and organization of the water sector while contributing to a prosperous future for the Kingdom's economy. The water sector will do so by attracting more than SAR 60 billion in investment in water transmission and strategic storage systems, through the private sector's participation in funding future projects.